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Cryptocurrencies: 29444
Markets: 111550
Market Cap: $2,221,957,490,975     
24h Vol: $71,760,672,143
Bitcoin.com 2023-02-26 11:00:02

South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product

South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback
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